USD/JPY Gains Before Bank of Japan as 10-Year Treasury Yield Touches New 2022 High

USD/JPY Gains Before Bank of Japan as 10-Year Treasury Yield Touches New 2022 High

From dailyfx.com

The Japanese Yen and British Pound were some of the worst-performing G10 currencies on Monday, with the Canadian and Australian Dollar pushing slightly higher against their major peers. Top-tier event risk was China’s fourth-quarter GDP print, which clocked in better than expected across the board. Still, the world’s second-largest economy continue to slow amid local, growth-hampering woes. US markets were offline for the Martin Luther King Jr. Day holiday, creating relatively illiquid trading conditions. There was also a lack of fresh economic data, placing the focus for markets on broader fundamental themes. ... (full story)

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